(Part 2 of 2)

Even though WY has returned millions of dollars to the true owners, most of it remains unclaimed, and the main reasons boil down to a lack of education about these assets. Luckily, WY is a custodial state, and that means that they hold these monies forever, and won't ever take possession of them. There is no expiration date on lost cash.

As residents the state with the smallest population, people living in WY have excellent chances of locating abandoned assets in their name. But the majority of people aren't aware that other states could be holding funds owed to them. You do not even need to have been to another state for another state to be holding your assets. A lot of companies have offices and/or locations in multiple states, but obviously they can only have their headquarters in one place. Because of this, employees sometimes lose track of money and never realize it even if they search, because the cash is being held in the state where their company is headquartered. In a similar way, insurance companies often service different states, but like any company they can only have one headquarters. Items like insurance overpayments will be turned over to the proper department in the state where the insurance company is incorporated, which isn't necessarily the state where the insured person lives. These are just a couple of the reasons that it's very important that people search outside of the state they live in.

Besides limiting searches to just the home state, beginners usually do not know that they should search multiple times. In fact, they should search regularly. Due to the widely varying dormancy periods for each kind of unclaimed money, and because someone at the State Treasurer's Office has to manually put each record in to the database, the missing money list changes all the time. A search might come up empty one day, while searching the next day could produce a nice treasure for a persistent searcher.

Professional searchers have many strategies that give them an edge when attempting to find unclaimed money, and the wisest beginners learn about these and duplicate them in their own searches to ensure they have discovered all possible claims.

–

Passengers leave behind over $400,000 in loose change at U.S. security checkpoints annually

Ohio getting more unclaimed money to owners
COLUMBUS (AP) — Officials say a state agency celebrating its 30th anniversary has reunited Ohioans with about $830 million they didn't realize was out there.

Most State Governments Launch Intense Awareness Campaigns to Inform of
The easiest way to find